Singapore grocery chain Little Farms secures $1.5m in funding

Temasek Holdings subsidiary Heliconia Capital invests through equity and debt

20230404 Little Farms

Singapore-based Little Farms is a boutique grocery chain sourcing organic fruit, vegetables and fresh produce from independent suppliers and farmers in Australia, Europe and the rest of the world. (Screenshot from Little Farms' website) 

KRISTIE NEO, DealStreetAsia

SINGAPORE -- Heliconia Capital, a wholly owned subsidiary of Temasek Holdings, is investing in Singapore-based gourmet grocery chain Little Farms through a combination of equity and debt transactions, according to recent regulatory filings.

Heliconia will invest 2 million Singapore dollars ($1.5 million) to pick up new Series B-1 shares in Little Farms, according to the startup's filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA). The grocery chain is also issuing a SG$12 million exchangeable bond to the investment firm, which entitles the latter to ordinary shares upon maturity.

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